Athabasca Mobile Home Park 2501 – 41st Ave, Athabasca, AB T9S 1V7

Property Detail

Status City/Town Price $1,650,000 Land Base 20.36 acres (Freehold) acres Cap Rate 5.75% with new 2024 rents Pads 57 mobile home pads of which 24 newly developed in 2021 Topography Level Expansion Yes, on about 10 vacant acres Residence No Age Phase 1 in 1996 and Phase 2 in 2021 Taxes $7,118 (2023) Zoning R-MHP _ Mobile Home Park Vacancy 27 pads (of these 24 are in the newly developed area) Pad Rents $300/month ($350/month as of August 2024) Gross Income $110,600 (2023) $126,600 (2024 new rent projections) Net Income $78,736 (2023) $94,736 (2024 new rent projections) Financing Buyer to secure his own new financing

Property Description

Listed with:
Victor Moroz
Royal Lepage Noralta Real Estate
Spruce Grove, Alberta
Cell: 780-499-6400
Email: victor@royallepage.ca

Click HERE for the full marketing brochure:

Excellent investment opportunity! Athabasca Mobile Home Park, established in 1996, is located within the charming community of Athabasca on over 20 acres of land. It is a quiet, inviting, well maintained park catering to families (great fenced in park for children), individuals and seniors. There are currently 57 pad sites with 24 brand new lots under development. Each developed lot is 100′ x 40′ and there is bare land adjacent to the current park site offering the opportunity for expansion. Conveniently located just a few short km’s from all amenities including a Primary School just 1.3 kms away. Only 1.5 hours from Edmonton. Town water. Zoned R-MHP.

Athabasca City Hall Website: Click HERE

Property Features

City Water & Sewer
Septic
Lagoon
Treatment Plant
Natural Gas
Oil
Hydro
Propane
Cable TV
Garbage Pickup
Street Lights
Paved Streets
Gravel Streets
UG Telephone
UG Electrical
Well Water
Laundry
Fire Hydrants

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